University Village

About the Building

Billed as "Chicago's newest neighborhood," this impressive condo development in the University Village/Little Italy is a neighborhood on the make. Located at 833 W. 15th, University Village is an impressive development of mid-rise residential properties that are centered around the University of Illinois at Chicago and the Halsted Street commercial strip. While the neighborhood has historically served as the cultural nervous system of Chicago's south side, this new residential development is setting the standard for city living.

This University Village development offers residences in a number of diverse layouts, with an average of 810 square feet of living space. The different floorplans include anywhere from 1 to 2 bedrooms with a standard master bedroom size of 112 square feet. The kitchens are generally 99 square feet, providing plenty of room to prepare a meal for the family, or throw together a banquet-size spread for a few friends at your new home (who knows, maybe you'll even invite over the neighbors for a little meet and greet).

Grand dinner parties or not, sometimes the deal breaker in purchasing a new home is whether or not your four-legged family member is welcome. Well, in case you have a Fido or other furry friend waiting in the wings, you'll be happy to know this residential building is pet friendly. So don't forget to scope out that new spot for the food dish.

In addition to the fundamentals of 833 W. 15th, you're probably interested in learning a little something about the cost of living in a place like this in University Village. Such as, for example, how much you might have to pay in assessments and taxes every year. Well, the typical assessments for this charming Chicago residence are $211 per month, in addition to average annual taxes of $3,494. And just to help you see how a piece of real estate here stands up to property in other buildings in Pilsen - or elsewhere in the city - we've compiled the most up-to-date data-in case you want to compare.

The price per square foot for units at 833 W. 15th is $309, with an average size of 810 square feet. The smallest properties offer 769 square feet of living space, while the largest ones encompass up to 1,000-square-foot floorplans. The standard length of time a unit in this building stays on the market (between listing and closing) is 120 days. Just to give you an idea of the building's residential real estate value today, a 1-bedroom unit sold for $230,000 around 07/03/2007. The average listing price of a home at 833 W. 15th is $257,500, and there are currently few 1-bedroom residences available at this lovely Pilsen residential enclave.